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FOX
Nov 27, 2012 12:00pm PST
, stocks are down due to the ongoing clear of the -- fear of the fiscal cliff. the dow is down 54. the nasdaq down 1. s&p down 3. >>> apple has reportedly fired the manager in charge of the flawed mapping software for the iphone. the software was criticized as soon as it was released in september for glaring inaccuracies. apple's ceo was forced to issue users a rare apology. bloomberg said richard williamson was ousted and a new team is working on the problem. >>> a reward is being offered in san francisco to help an ailing man find his stolen dog. 56-year-old robert runkle's 4- year-old yorkshire terrier named lola is trained to recognize physical distress and provide companionship. last week a thief stole the door out of the -- took the dog out of the car. a $3,000 reward is being offered to help find the check. >>> and we're tracking the rain and what the cities are preparing for the rain tomorrow. >>> thank you for trusting ktvu news. we'll see you the next time news breaks. card hassles? introducing chase liquid. the reloadable card that's easy to activate and can be used rig
CNBC
Nov 27, 2012 3:00pm EST
fiscal cliff negotiations, my advice to the president would be it seems like our friends on the other side are having some difficulty turning off the campaign. we need to sit down and work this matter out. >> it seems like what markets were reacting to this afternoon was harry reid saying there's been little progress. but he actually said there's been little progress with republicans. he's saying he wants the other side to concede more than they have. this is a negotiation. it's very important to remember there's going to be back and forth day in and day out. that's what we saw on capitol hill this afternoon. the markets reacting strongly to it. but the markets other day when the leaders came out of the white house also got it wrong. they said they had a constru constructive meeting. markets rallied. that was a meaningless bit of washington jargon. that sentence didn't give us any information. harry reid's sentence here today gave us information that he wants more out of the republicans. what you're seeing is an unfolding negotiation here, not something that should raise alarm bills, not that negotiations have stopped or something has gone wrong in this process. ba
CNBC
Nov 27, 2012 1:00pm EST
industrials a built of a breather down 21 points. >>> meanwhile, 34 days to the fiscal cliff. will a deal be done in time? today, president obama meets with small business leaders to make his case for the possibility of higher taxes ahead. our washington correspondent, john harwood, is here with the very latest. hi, john. >> reporter: hi, tyler. you know, everybody is staking out public positions and trying to drive public opinion their way. the president's been doing that all week. he is doing that with his meeting at 2:30 this afternoon with small business leaders from around the country. he is later going to travel to pennsylvania to make his case publicly, part of what he is saying is that if you adopt his plan on the extension of the bush tax cuts that is for the middle class and not for people at the top that almost every small business owner is going to get a tax cut as a result of that. and republicans are staking out their own position that tax revenue can go up but not tax rates. once they get into the room and the hard bargaining which of the positions ultimately falls awa
CNBC
Nov 27, 2012 4:00pm EST
. >> as we head into the fiscal cliff negotiations, my advice to the president would be seems like our friends on the other side are having some difficulty turning off the campaign. we need to sit down and work this matter out. >> behind closed doors. even with the fiscal cliff looming over the markets, our own jeff cox with cnbc.com says there's a growing bit of optimism about the outlook for next year. take a look at some of the predictions from some of the street's biggest names regarding the s&p 500 for next year. it's quite a chapg for morgan stanley, by the way, whose 2012 forecast was for the s&p to close at 1167 on december 31 of this year. >> wow. they're expecting a mega rally next year. >> he hates having to come up with a number for next year, but he's doing it anyway. you can see a lot of these guys are raising their expectations for next year. >> they're thinking 250 points for next year for the s&p 500. that's impressive. should you bank on these calls or is it time to be a contrarian? jeff cox joins us along with liz ann saunders of charles schwab. liz, what do you think about the s&p for the end of next year? you think these guys are crazy when they say 1600 by the end
CNBC
Nov 26, 2012 11:00pm EST
great country. bottom line, we get a deal on the fiscal cliff, we go higher, maybe much higher, aided by chinese strength. we don't get a deal on the cliff, we fail to rise above and we go down with europe providing the accelerant. how about john in missouri? please, john. >> caller: big boo-yah, jim, from missouri, home of the not doing so great kansas city chiefs this year. >> chiefs, i got it tell you something, hail to the chiefs and the eagles. >> caller: there you go, man. hey, kcg had a little pop in the market today. and i know we're a negative .41 p/e ratio and well below the 52-week high. i'm about to the break even point. maybe this is a long term keeper. is it time to get out? >> it's a lottery ticket. my friend, tommy joyce, a terrific guy, it's not about friends, it's about money. tommy is my friend from college. it's a lottery ticket i would hold on to. by the way, i'm thinking about playing powerball, too. you see the size of powerball? i mean, how could you not? i mean, like, hey, you know what, i don't believe in the lottery. at that price, call me a believer. how about jeff from florida? jeff? >> caller: hey, jim. i saw facebook was up today, but knowing that t
FOX Business
Nov 27, 2012 4:00pm EST
said he was disappointed there has been little progress in the fiscal cliff negotiations the dow down 89 points. >>> shares of green mountain coffee though jumping after the bell. the company brewed up better than expected fourth quarter results. investors also cheered the company's new hire. david: fiscal 2013 forecast. >>> the xbox may be the gift of choice for many holiday shoppers this season. microsoft said it sold more than 750,000 videogame consoles during the black friday week. that outpaced nintendo's wii u which sold 400,000 units in the first week on u.s. market. microsoft reports that the windows 8 operating system registered 40 million upgrades since its launch october 26th. that's the latest from fox business network, giving you business network, giving you the power to prosper can i help you? i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open ll night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shipping at f
FOX Business
Nov 26, 2012 8:00pm EST
: pipe down. that fear of fiscal cliff will keep the joes and joannes from spending. >> i think this is other part, i think they had enough with the white house, they had it with this, they have on. optimism. neil: fox news alert in, he was reelected. >> i heard it i'm trying to ignore it but i heard it. people do still to have jobs, i told you last time this is a went on in a year. neil: have you been optimistic, you less so, but where do you come from for next year? >> 2013 retail and restaurant, reality is a lot of full timers are cut to part timers, and part timers are having their hours cut, purchasing power goes down. neil: why are you rolling your eyes. >> they will be create -- creative, a brought franchises and bought fast-food businesses. some drove cabs. neil: this year over last year? >> i am moving up from 4.1, i am getting closer, i am at 4.7 today. >> i am moving from 3.2 to 2.5. neil: oh, my -- >> internet sales up from 15 to 20% increase. >> we'll agree on the internet, but they will go out, and buy household goods, you are right about that, this is going to put us over
CNN
Nov 27, 2012 6:00am PST
. it looks like investors have bigger fish to fry. known as the fiscal cliff. the dow is down about 11 points. there's still a lot of worry about how these talks on coming up with a deal on the fiscal cliff, how the talks will go. carol? >> alison kosik live from the new york stock exchange. >>> representative-elect alan grayson has been standing with protesting walmart workers. when he delivered bagged meals on to see walmart on thanksgiving, walmart called the cops. we'll talk that and the ongoing protests next. and one wedding, 2 kids, 43 bottles of olay total effects many birthdays later, still looks amazing. thanks to the trusted performance of olay. do you really think brushing is enough to keep it clean? while brushing misses germs in 75% of your mouth, listerine® cleans virtually your entire mouth. so take your oral health to a whole new level. listerine®... power to your mouth™. of green giant vegetables it's easy to eat like a giant... ♪ and feel like a green giant. ♪ ho ho ho ♪ green giant ho ho ho sfx- "sounds of african drum and flute" look who's back. again?
CNBC
Nov 26, 2012 7:00pm EST
off the fiscal cliff but certainly the market impact of the cliff. why are you so worried? >> well, we face much too high a risk if they kick the can down the road again, 60 days, 90 days, six months, actually don't solve anything. if they do that and just leave us with another cliff a few months later, if they leave us with that, business fixed investment is going nowhere. business confidence is going nowhere. >> already falling. business investment is actually falling. >> yes, but if we give them -- if we make the business community think we're facing another three or six monies of this fiscal cliff stuff it will completely evaporate and household markets will evaporate, and the markets will spell that. those odds are higher than we should put up with. >> i don't necessarily disagree but the volatility index, the vix index for stocks and gold are both very low. though are the so-called fear indexes. why do you reckon with all the fiscal risks out there that the fear indexes are in fact so low? >> two reasons. one, the fed is suppressing a lot of vol with qe so the central banks the world over are suppressing vol. sec, the political risks
FOX Business
Nov 27, 2012 1:00pm EST
. good afternoon. yeah, without question there's a lot of discussion about the fiscal cliff and the problem for investors is they don't get the opportunity to kick the can down the road like the politicians do. for investors on the backside of the tax mountain there is income cliff. it comes both on capital gains side and dividend side as you've been talking about. ashley: eric, investors are starved for income. what can you do? you can't sell dividend stocks because of higher tax rates around the corner, right? >> by no means you don't want to dump your dividend stocks. for many years investors were lulled into the fact not thinking about too much after tax returns because investments have enjoyed very good and very positive low tax rates but going forward investors will have to be thinking not necessarily about what they make but about what they keee. and so for dividends and investors have been looking into dividends as another source of income, by no means do you want to get rid of those. like we talk time and time again about diversifying assets, investors more and more have to think about diversifying their income streams as well. tracy: what about moving
CNBC
Nov 27, 2012 5:00pm EST
but america is a winner. >> fiscal cliff and what it means for your money on "fast money" right now. >>> live from the nasdaq market site in new york city's times square i'm melissa lee. special dividends are coming fast and furious. why apple might offer a fast payback. will the market be naughty or nice to investors. chart breaks down the technicals. forget stores and waiting in line. we are breaking down the best ways to play it. grid lock in washington dragging on stocks again today. let's go with the latest on fiscal cliff talks on capitol hill. >> let me give you a sense of what the impact was from the fiscal cliff talks here in washington. just after 2:00 when the senate majority leader came to talk to reporters about progress in the talks take a look at this s&p chart and you see that the market drops right as harry reid speaks. talking about that lack of progress. let me tell you exactly what he said and why i think the market got it a little bit wrong today. here is harry reid's comment that the market was reacting to. >> there has been little progress with the republicans
FOX Business
Nov 27, 2012 6:00pm EST
fiscal cliff. details and the oracle of all my speaking out on tax policy. next, i'll break down why warren buffett is just plain wrong. ♪ gerri: warren buffett is getting a lot of attention this week for his comments on the fiscal cliff . basically, the investing mobil says it rich people, that is people like him, should pay more in taxes. it sounds magnanimous. i believe the case he builds for higher taxes, well, the reasoning as a big hole in it. here is why. the contention that rich people will stop hiring is nonsense. we already know that more than a million americans to employ people and paying there taxes through there individual income-tax. according to the heritage foundation, the amount their taxes would rise would be equivalent to one employee salary. one person there would not hire. we will what is more, rinsed and young says these tax hikes would kill 710,000 jobs. buffett also says that rich people will stop investing. again, nonsense. when you tax something usually get less of it, like cigarette taxes to curb smoking or carbon tax to curb carbon emissions. financial
CNN
Nov 27, 2012 2:00am PST
some point you need to get on a diet. what the fiscal cliff is essentially is it's a flash diet. all of a sudden taxes go way up and spending goes way down. what happens when you enter a serious diet you don't announce that you're going to stop eating lunch and fall on your face immediately. rather the nourishment you're depriving yourself of slowly weakens you to a point where you grind to a halt. that, i think, is what will likely happen and that's what the cbo has said will happen in the first half of next year, we slowly enter rescission and then come out of it. i don't think we need to enter recession. i think we can make a deal in the short-term that preserves deficit reduction for the medium-term so that we'll be healthy in the next ten years. >> do you think that big compromise is going to come from the republicans? >> i'm not going to make a big prediction. my hope is that the democrats, republicans, will come together. my sense is that congress doesn't do anything until they absolutely have to, and this is a situation where i think both sides do feel like they absolutely do have to come to a deal before january 2nd. >> all right, der
CNBC
Nov 27, 2012 6:00am EST
the core capital spending orders, postponing them up after the fiscal cliff is resolved. consumers continuing to spend, responding to the fat that the unemployment rates come down, people who have jobs have somewhat less fear they'll lose their job. and spending has been okay on the consumer side. gr do you have two models for next year, one assuming we have a deal, one assuming we don't? >> really about 20 different ones because there are different kinds of deals. i think the most likely case is that we get a fix for the fiscal cliff maybe early january, maybe we go over the cliff for a couple days. and i think the political pressure then to fix it would be intense because of the amt shock. normally 4.5 million pay pay alternative minimum taxes. if we didn't fix this on the 2012 income, what's due in 2013 will be additional taxes of several thousand dollars by an extra 28 million households. 33 million instead of 4.5 million on 2012 taxes. if you're going to file your tax return in january and you expect a refind, if you're in the 75,000 to 300,000 income bracket, forget about it if they don't fix that amt. so i think senators will get calls from a good portion of 28
CNBC
Nov 27, 2012 9:00am EST
going over the fiscal cliff? you do have more polarization with business community. jamie dimon being the key man? >> certainly one of them. a lot of the business community is more down the middle given the two constituencies you just mentioned. >> we'll talk -- buffett had thoughts on that this morning that we'll get to in a few minutes. the case shiller home price report is out. which cities are making the fastest move to recovery? >>> also ahead, when it comes to the holiday shopping season, it appears men are the new women. we'll explain that argument. take one more look at futures here. we'll see if we get traction later on this morning when the opening bell rings in just about 16 minutes. [ male announcer ] you are a business pro. governor of getting it done. you know how to dance... with a deadline. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. this is awesome. [ male announcer ] yes, it is, business pro. yes, it is. go national. go like a pro. thor gets great rewards for his small business! your boa! [ garth ] thor's small business earns
CSPAN
Nov 27, 2012 7:00am EST
. consumers are a huge linchpin to our economy overall. the fiscal cliff is a huge amount of uncertainty for a lot of people out there because they just do not know what their situation financially will be like in the next one, two, six, even 12 months down the line. if you do not know how much money will have in your pocket, you are less likely to spend. we know this was a function of a lot of debt being taken on, consumer spending beyond their means. this delveraging process of consumers has taken its role, but we're seeing some positive signs. the real catalyst will be whether or not we have the confidence enough as consumers to go out there and spend. when the white house put out numbers like that, in essence what they are saying is if we do not get a resolution to and people do not feel certain, at least a little bit, they're not as likely to go out and buy that washing machine, that refrigerator, and certainly not a car or a home. that will be a huge issue. lou host: merge tv reporting right now that the dow jones down 29 points, the s&p 500 down about 2.8 points. what do you make of that -- bloomberg tv reporting right now the dow jones down. guest: volatility has been low for quite some time. . have not been going up or down by treme
PBS
Nov 27, 2012 3:00pm PST
on the newshour tonight, we get two opposing views on how to avert the so-called fiscal cliff from representatives tom price and keith ellison. >> brown: then, president obama sat down with mexico's president-elect, enrique pena nieto, this afternoon. one topic for them and for us tonight: the war on drugs, on both sides of the border. >> suarez: as lawmakers talk of reducing the country's debt, paul solman offers a history lesson on centuries of federal borrowing. >> the united states was going into default. we defaulted on many obligations to foreign creditors and to our own soldiers. >> brown: plus, every month, 1,000 young americans are infected with h.i.v., and most of those with the disease don't even know they have it. hari sreenivasan looks at a new report from the c.d.c. that's all ahead on tonight's newshour. major funding for the pbs newshour has been provided by: moving our economy for 160 years. bnsf, the engine that connects us. and by the alfred p. sloan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. and with the ongoing support of these institutions and foundations. and... this pro
ABC
Nov 27, 2012 7:00am PST
lot to resolve at that hearing. >>> we're counting down to the fiscal cliff. over a month to go before everyone's taxes go up. both sides set to meet with business leaders this week. the company will take his campaign on the road, too, as more republicans appear willing to bend on their no new taxes pledge. jon karl is in washington. even though the president has been calling congressional leaders, they haven't made enough progress for another face-to-face negotiation. >> reporter: there's no face-to-face meeting even scheduled now between the president and congressional leaders. but i can tell you that high-level talks with staff are intensifying, with time running out. and republicans are expressing a newfound willingness to compromise on that long-standing republican pledge never to raise taxes. >> the pledge was designed -- >> reporter: meet the anti-tax enforcer. the man behind the pledge. grover norquist. >> republicans who vote for a tax increase are rat heads in a coke bottle. they damage the brand for everyone else. >> reporter: ronald reagan was part of the first pledg
CNBC
Nov 27, 2012 2:00pm EST
the lack of fiscal cliff talks. two sides maybe still far apart. that spooking investors. dow jones industrial average down 71 points, basically on our lows of the day. let's wrap up our recovery road trip with one of the big economic engines, worst pun ever by the way, for charlotte, north carolina. it's estimated nascar has added more than $5 billion to the area. we're joined my marcus smith, the president of publicly traded speedway motor sports. they own nine tracks, sonoma and the charlotte motor speedway. thanks for joining us. i know you and your dad sometimes have had a con ttentis nascar a bit. what do you see happening in 2013? >> i think we have great news as a sport. nascar is a tremendous economic engine for the charlotte region, as you mentioned. it's a great economic engine wherever there is a nascar race. over $150 million are generated by having one nascar weekend in a given city. >> wow. $150 million to every town. >> you got it. average fan travels over 300 miles one way. we have more fortune 500 companies involved this nascar this year than three or four years ago. it's a place where ameri
KRON
Nov 27, 2012 7:00am PST
attack. the arraignment was postponed. >> keeping our eyes on wall street with the fiscal cliff coming up at the end of the year weighing on investors. good news there was a rise in consumer confidence as well as home prices. the dow is off 25 down to 12,942. a quick break as the prime news continues until 10:00. a live look from our roof camera and sam francisco. we are watching this fog slowly roll. >> 8:39 a.m. and three republican senators met with the ambassadors susan rice saying they're more trouble now over her explanations over the deadly september 11th raid in libya. price met behind closed doors earlier this morning with senator john mccain and kelly coyote. rit st. she made comments five days after the raid and the comments were made based on intelligence surveillance. she still has to answer questions about that attack. >> video coming out of europe, angry farmers dousing police with thousands of liters of milk. this is in brussels. there exceupset about quotas. farmers across europe are taking a stand against parliament and blocking traffic along brussels busy streets. the streets are now filled with milk. >> the fbi is praising the work that led to the arrest of one of its 10 most wanted. authorities finally caught u
FOX News
Nov 26, 2012 10:00pm PST
stop shooting at each other. >> to me, that's an approach to take you off the fiscal cliff. i think what the president is doing, what the speaker are doing what, did they do over the weekend? they talked together over the phone. did you see them sitting down at a table together? you saw them shaking hands. you watch the president -- or you watched the speaker right after the election and say here's revenues. we want to continue tax rates, but you need revenues. republicans are putting revenues on the table. where are the cuts to government to gets us to solve the problem? if you just do the tax rate, you don't solve anything. gout to bring more revenue n but at the same time you got to control the spending of government. that's the best way to solve the problem once and for all. >> greta: what's your position on raising tax rates on the very wealthy? >> i don't think the tax rates solve the problem. >> greta: does that mean a no? >> revenue. we'll give you more revenue by closing loopholes. >> greta: does that mean no the tax rates? >> you want to solve the problem. i'm tired of just saying -- look, if you do the tax rates, that gets you $31 billion. >> greta: 8 1/2 days of funding of the government. i realize it's a hot point, whether peopl
NBC
Nov 26, 2012 6:00pm PST
public offering back in may. >>> with the fiscal cliff edging closer, the white house took a hard line, insisting they have to rise from affluent americans and many more delays could hurt hol dha roadway tail sales. >> the senate will come to order. >> back from thanksgiving, senators are on the sidelines. >> really we have to make tough decisions. >> the house has the ball. >>> i don't care if you raise taxes 100% on the wealthy. you're not going to fix the deficit prap. >> the republican leader is talking about it. but republicans are open to new rev new because of the new reality. >>> well, the president got reelected and we know at the end f this year taxes are going up on everybody. >> republicans say if the rich do pay more it should come only by reducing their tax deductions. democrats still insist on a rate hike on the rich. >> the president has made clear that he will not sign a bill that extends the bush era tax cuts or those making more than $250,000. >> billionaire warren buffett, an obama ally, again with a rate hike on the rich. calling in "the new york times" for a minim
FOX Business
Nov 26, 2012 9:00pm EST
reagan were alive today and he was facing the fiscal cliff, what do you think he would do? >> remember what he did in 86? he sat down with tip o'neill. they agreed that they could have very substantial reduction in tax rates across the board but particularly middle and high income tax rates and offset that base broadening. the result of that was taking the top rate down from 50% to 20%. the impact of bad was to have a significant increase in taxable income. people choosing to take more of their compensation in the form of taxable income and cutting back on tir tax expenditures andeductions and exclusions in working order. so i think that is what ronald reagan would do if he were here now. >> leadership will be key to all this. thank you so much for coming on the show today. >> it's wonderfuto be with you. melissa: cheryl: merrie schapiro is stepping down. she helped lead the government and regulatory response to the 2008 financial crisis and took over after the sec failed to detect the bernie madoff ponzi scheme. her last day will be december 14. it was an exit that many saw coming. the one i recently talked with her, sh
CNN
Nov 27, 2012 4:00am PST
washington is preoccupied with the so-called fiscal cliff, little attention has been given to the fiscal avalanche that will occur if we continue down an unsustainable long-term path causing markets to turn sour on u.s. debt and leading to a spike in interest rates. you're looking at the very long-term picture. they're just trying to get a little budget deal done here. you're real worried about if they don't do this right now what it means for the longer term. tell us about that avalanche. >> the thing about the cliff is we know exactly when it's coming. you can see a cliff. you can see when you're going to hit it. an avalanche is a little bit different. when the conditions are there, when it might happen. but you have no tiechling as to the exact moment that it's going to occur. and so that's what we need to be worried about. there will come a moment at some point in the next few years when people will no longer buy u.s. treasury instruments. at least not at these unbelievably low rates we have today. once that trend starts to reverse itself we'll be in a world of hurt. >> i've been calling it the curse of the bond market. interest ra
FOX
Nov 27, 2012 4:00am PST
focus, both in the financial markets and elsewhere, turned toward the fiscal cliff. the reality is this: if we have a recession in 2013, it is going to hit everybody. unemployment will go up, earnings and net worth will all go down. as people start to realize that, they are going to become more concerned and they are likely to hold back. > it is interesting though, people are going back to basics and paying down their debt, so i guess that's the silver lining in all of this. > > yeah, actually, debt burdens are the lowest that they've been in almost 20 years relative to income; so yes, we have made some substantive progress in that area. > good to have you on the show. that's greg mcbride of bankrate.com. have a good day. > > thank you angie. up next, is the shine on or off tiffany & company? chart talk is next. matt shapiro, president of mws capital, joins us now for some chart talk. good morning to you matt. it feels like you have to be nimble in this market and make the correct stock choices. what are you choosing? > > i agree, and obviously i am sticking to my game plan i have talked about on this show for several years here, which is stick to enduring brands, strong businesses, and i think, over the next few ye
KICU
Nov 26, 2012 11:30pm PST
best look away before we cross the fiscal cliff. >> you don't want to think more than you really do that's when you rally run into trouble. >> reporter: in san francisco, noelle walker, ktvu channel 2 news. >>> a hewellet packered filed a lawsuit over the purchase of autonomy. the investor accused hp of knowingly making misleading statements about the deal and the $13 billion purchase of electronic data systems. hp stock has lost half of its value this year. the lawsuit could become a class action lawsuit involving all hp shareholders. >>> reducing the risk of pregnancy, the call to put emergency contraception into the hands of teenagers before they need it. >>> tracking dense valley fog right now and then we're going to move on to the computer >>> vandals defaced a vietnam war memorial in concord shortly after city workers had cleaned it up. the concord city workers said it saw an online blog about the graffiti and sent a crew to clean it up. >> report it to us, we found it on a local blog. so staff noticed it. we went out and removeded the graffiti. >> reporter: when the crew came
CNBC
Nov 27, 2012 12:00pm EST
. eastern. president obama meeting with small business leaders to talk about the fiscal cliff and economy. we'll go to the home state of one of the main congressional leaders involved in the talks. general motors doubles down on electric. is this a losing bet for the company? up to $500 million is all up for grabs in tomorrow's powerball lottery. we have some sound advice, investment advice for the lucky winner. hopefully it will be scott or one of the "fast money" guys. back to you guys. >> thank you so much. green mountain reports earnings after the close tonight. the sthook on a run lately, but is one of the most debated on the street. herb greenberg is here with what you should expect later this evening. i know you watch this as close as anybody does. it's a stock that's done quite well of late. new ceo being named. maybe he's going to be on the call or not because it's not technically the ceo. >> i don't think the company can aafford a bad quarter. >> can it ever? >> in this case really. last quarter the stock spiked after the company announced earnings and talked about how well they're going to do with their forecasting, and how they fixed forecasting problems. if they come out and don't give ut number
FOX Business
Nov 26, 2012 10:00pm EST
deep discounts being offered by retailers on black friday. worries about the fiscal cliff, greece of coining for a market that pretty much went nowhere today. the dow jones industrials down 42. as into down treatment nasdaq rose ten. the sixth day in a row in which the nasdaq has gained. light trading on the big board. concerns about increases in taxes on dividends for the high-yield dividend stocks of late. today at&t and verizon down, both with dividend yields of just about 5%. most retailers lower on the day despite good news on the holiday shopping weekend. target and walmart among the worst -- losers. investors celebrating hat some are insisting on calling cyber monday. in the treasury market the yield on the treasury's ten year slipping slightly lower to 1% early this evening. the international monetary fund announcing it reached a deal with trees to cut its 124% of gdp by 2020. that is a big deal. with to some 30 but believe who -- with just 35 days you would think that lawmakers will be focused on solving the problems, but grover norquist has become the subject of all of the debate the washington post headline today screaming grover norquist has more to lose than re
FOX News
Nov 27, 2012 2:00am PST
the fiscal cliff negotiation may really ride on that point. now at a white house briefing they need to double down on the long held belief households with income above 250,000 dollars must pay a higher rate. they are open to higher taxes but they are pushing the idea of eliminating deductions for high income earners. >> we will continue to wait on the president and hope he has what it takes to bring people together and forge a compromise. if he does we will get there and if he doesn't, we won't. >>> it's that simple. >> president obama is going to meet with the carefully selected group of business leaders to get their input. how the republicans will do the s same. there will be little room for compromise. >> they once again urged the senate to pick up the house passed bill extending the hacks breaks for millionaires and billionaires. as president the senate has considered this bill. we jeekted it on a bipartisan basis. it was load down in this congress. >> republicans are looking for some willingness on the part of the white house to cut spending or maybe tackle big costly entitlement problems for me
MSNBC
Nov 27, 2012 12:00pm PST
agreement rather than easier. >> dan, part of the whole thing here and calling it a fiscal cliff is to add to the theatricality and the chael leng of the whole thing. it's a slope. everybody calm down. we don't need this brinksmanship which adds to the republicans' leverage in this situation. you, sir, are writing a column a day about this. i know you're satiracal in your column. are you feeding the beast of the whole cliff thing, or are you completely trying to take it apart? >> i'm feeding "the daily beast." >> well-played, sir. >> people forget that "nightline" started because of covering the iranian hostage situation. maybe i can get a nighttime show on this. this is kind of serious not just in the sense of the economic impact, but this is a real significant, potential change in policy. we did a lot of things over the last ten years with our taxes and spending. we cut taxes on capital gains and dividends and put medicare precipitation drugs in without a financing mechanism. we did all sorts of stuff that distorted or budget processes, the way we spend money and collect money. this is a really big opportunity to either change it proactively with a large deal or to see some really bi
FOX
Nov 26, 2012 10:00pm PST
shwasburg says best look away before we cross the fiscal cliff. >> you don't want to think more than you really do that's when you rally run into trouble. >> reporter: in san francisco, noelle walker, ktvu channel 2 news. >>> a hewellet packered filed a lawsuit over the purchase of autonomy. the investor accused hp of knowingly making misleading statements about the deal and the $13 billion purchase of electronic data systems. hp stock has lost half of its value this year. the lawsuit could become a class action lawsuit involving all hp shareholders. >>> reducing the risk of pregnancy, the call to put emergency contraception into the hands of teenagers before they need it. >>> tracking dense valley fog right now and then we're going to move on to the computer model and track the rain. >>> a memorial to veteran, and what happened just hours aftercrews cleaned it up today. >>> vandals defaced a vietnam war memorial in concord shortly after city workers had cleaned it up. the concord city workers said it saw an online blog about the graffiti and sent a crew to clean it up. >> report it to u
FOX Business
Nov 27, 2012 12:00am EST
, let's take a look at the day's market headlines. fiscal cliff years made a comeback and strong retail sales are not enough to offset the concern. the dow closed down 42 points. facebook shares some otherbest in four months. two formerly bearish analysts upgrade their outlook citing increasing revenue from mobile ads. and as our own charlie gasparino first reported, mary schapiro stepping down as chairman of the sec. officially leave office on december 14th. she ran the securities regulator for nearly four years. president obama will appoint current sec commissioner to run the agency. all right. now to our top try. warren buffett support for raising taxes on the rich takes a controversy in its turn in an op-ed in today's new york times. the billionaire investor says let's forget about the rich in culture ridge. income is increased. forever for see investment of the charities. so buffett is on target with this. raising taxes on the rich actually have no affect on their investment behavior. let's bring in scott martin, chief investment strategist and founder and ceo of market 76. thank you for joining me. give me a reaction to this. >> i'm really surpri
CNN
Nov 27, 2012 8:00am PST
saying it may stand in the way of getting a fiscal cliff deal done. that's one side of the equation. in exchange, those republicans say, look, we'll back down. but not if we don't get something for it. we want some entitlement reform. here are the big three entitlements -- social security, medicaid, and medicare, combined they make up 43% of federal spending last year. joining me is john avalon, cnn contributor, senior political columnist for "newsweek" and "the daily beast. "and all around very smart person. you have a column out about this. it's great reading. a lot of math in it. tons of math. >> i was told there would be no math, but there's math. >> a chevy chase line that bears repeating. math means two sides of the equation. >> math is not partisan. >> math is not partisan. there's coverage about republicans and what they're willing to do to give up their pledge to raise revenue. and there's not seemingly as much talk about what the democrats need to do. how much do democrats need to give up in the spending column and what do they need to give up in the spending column. >> that's right. that's why we need to look at the picture. most of t
FOX News
Nov 27, 2012 3:00pm PST
. >> anybody that thinks there will be a fiscal cliff deal in the united states to dot all "i"s, cross all "t"s and magically we are precision issues like entitlement reform and revision of the tax code, of course are dreaming. >> this analyst says what is going on in europe right now is the main issue in the global economy. even overshadowing the fiscal cliff. the markets today did not get a huge boost from the greek deal because they expected that it would happen. but they would have take an real hit had it not. bret? >> bret: amy kellogg in london. thank you. black friday shoppers got plenty of bang for the buck. that is later in the grapevine. up next, republicans try to zero in on hispanic voters. why is it that the most impressive technology often comes with a set of equally impressive instructions ? shouldn't something that's truly advanced, not need much explanation at all ? with the nokia lumia 822 on verizon, there's not much to learn because it's powered by windows... to let you do more than you ever imagined on your smartphone. exclusively with data sense-- a feature
FOX News
Nov 26, 2012 6:00pm PST
government. for example, take a look. >> if despite the dangers of going over the fiscal cliff and what that means for our economy, that there's too much stubbornness in congress, that we can't even agree on giving middle-class families a tax cut, then middle-class families are all going to end up having a big tax hike. that's going to be a pretty rude shock for them, and i suspect will have a big impact on the holiday shopping season, which in turn will have an impact on business planning and hiring, and we can go back into a recession. >> sean: republicans hate big beared and santa claus. don't buy this hype, such as letting the bush cuts expire, are not the answer to tackling this deficit. in fact, during the 2012 fiscal year the federal government cost $9.7 billion to run each and every day, but the additional revenue from letting the bush tax cuts expire only amounts to around $82 billion a year, meaning the government would be funded for a whopping 8.5 days if in fact the president wins this fight. sadly the real reason we've reached this point is because our elected representatives si
FOX Business
Nov 27, 2012 11:00am EST
-- dividend early to avoid the fiscal cliff part of back to you. >> with those higher dividend tax is. consumer confidence for november at the highest level since every 2008. just-in-time for the holiday is. will it continue? and joining us now is mark, we will stoke the fiscal cliff phobia but they just bought 30% more on cyber monday than one year-ago. >> consumers have tune it out. we always go to the brink and nothing happens. but what is happening with the job market? it is improving a little bit gas prices? they're coming down. the housing market is reviving. what matters most moves in the right direction. dennis: even in the unemployment so these loopholes points making a difference. consumer confidence went up higher than expected but it needs to go higher? >> the highest in five years but it has not been great. it has been lousy. you'd like to see the consumer confidence between 90 -- 110. that is consistent with a normal economy. dennis: it has been down so long it looks up. what about durable-goods? but some expected a decline. 1.7% increase was best since may? >> better th
CNN
Nov 26, 2012 4:00pm PST
, avoiding the fiscal cliff. the left and right are talking compromi compromise. and the u.s. ambassador to the u.n., susan rice, headed to c p capitol hill to meet with her most outspoken critics, answer questions about what happened in benghazi. benghazi. let's go "outfront." -- captions by vitac -- www.vitac.com >>> good evening. "outfront" tonight, egypt on edge. is a new dictatorship on the horizon? tonight, president morsi clarified, but really largely stood by his decision to grant himself sweeping powers. including freedom from judicial review for what he's calling presidential decisions. the announcement was made today after morsi met with members of egypt's judicial body, which has been very critical of his position and u.s. officials who were praising the new leader for his role in negotiating a cease fire between israel and hamas, well now when he took all these powers away from judges, they're in a tough spot. >> have some concerns about the decisions and declarations announced on november 22nd. democracy depends on strong institutions and the important checks and balances t
MSNBC
Nov 27, 2012 11:00am PST
and for president obama. he's juggling the fiscal cliff but you have to walk and chew gum at the same time at the white house. >> you have to walk and chew gum where lives are lost almost every day with this drug war that is ongoing in mexico and spilling into as we know parts of texas and other border states. >> exactly. the question is, how do you broaden out the relationship? what is the ways in which the united states' economy and u.s. businesses deepen ties with mexico in ways that help both countries? it's not that long ago, tamron, when presidential candidate obama was criticizing the nafta trade deal, so was hillary clinton in that democratic primary. now that trade deal was never renegotiated, which is something that was raised during the primary campaign. how do you now move to deepen ties in ways that doesn't provoke a backlash here in the united states? it's a significant challenge. >> all right, john. thank you very much. great pleasure having you on. up next, investigators exhume i can't sayer arafat's body eight years after his death over suspicions he was poisoned
KOFY
Nov 26, 2012 9:00pm PST
only 36 days until the nation could go over a fiscal cliff with a tax hike for everyone on new year's day and spending cuts on federal programs. today some republicans are defying party politics and break ago pledge they made in the name of a sluchlingts jonathan karl explains article of republican faith for decade. no tax increases of any kind, period. behind it all. this man. november quist. considered one of the most powerful men in washington. sentences he worked for ronald reagan in the 1980's he's gotten virtually every elected republican to sign a pledge promising no tax increases. >> taxpayer friendly congress. >>reporter: sign to it help electricityed don't violent it for fear of getting hammered for breaking the word. >> how many of these things have been signed. >> thousands over the years. >>reporter: he keeps them on file. n boehner pledge signed 20 years ago. >> nobody signed this 10 years ago, 18 years ago 20 years ago are they still bound by it. >> no. >>reporter: when you got married did your wife make a promise when you borrowed money to bite house. that mortgage tha
FOX
Nov 27, 2012 7:00am PST
concern about the fiscal cliff, not helping right now. the markets are coming back a little bit the dow is down 15. nasdaq is up 2. s&p flat. cyber monday was more successful than originally forecast. experts expected sales to be up 20%. with you this morning -- but this morning, ibm's benchmark said they were up almost 28%. this is significant for california, since this is the first cyber monday where the state can collect sales tax from those purchases made in the state. >>> nintendo said they sold more than 400,000 consoles in the first week it was available. the company said that's every console in stores. executives cannot say how many more consuls will be available between now and christmas. >>> this week, president obama begins a full-scale push to win support for his plan to avoid the so-called fiscal cliff. alison burns is live in our newsroom to tell us about the president's schedule and if a deal is closer. >> reporter: dave, president obama is hosting small business owners at the white house today to make the case for extending tax cuts for middle-class americans. torm at the -- tomorr
MSNBC
Nov 27, 2012 9:00am PST
of michigan. great to have you. >> thanks, alex. >> catch one of the key players in the fiscal cliff negotiations right here on "now" when senator patty murray joins us tomorrow at noon eastern. >>> and coming up after their romney nominee received just over a quarter of the latino vote republicans say they're ready to put up when it comes to comprehensive immigration reform. what are they doing about it? so far putting up a lot of window dressing. the display when telemundo's jose diaz-balart joins us ahead. want to try to crack it? yeah, that's the way to do it! now we need a little bit more... [ male announcer ] at humana, we understand the value of quality time and personal attention. which is why we are proud to partner with health care professionals who understand the difference that quality time with our members can make... that's a very nice cake! ohh! [ giggles ] [ male announcer ] humana thanks the physicians, nurses, hospitals, pharmacists and other health professionals who helped us achieve the highest average star rating among national medicare companies... and become th
Current
Nov 27, 2012 6:00am PST
over the weekend about avoiding the fiscal cliff. the president will meet with small business owners today. tomorrow he meets with middle class americans who would be affected by tax hikes and more business leaders. friday he's going to travel to hatfield pennsylvania where he will give campaign style remarks to get support for congress to negotiate the right kind of deal. we are back with more steph after this. ♪ [ ♪ theme ♪ ] >> announcer: ladies and gentlemen, it's the "stephanie miller show." ♪ >> yahoo, it is the "stephanie miller show," welcome to it. 1-800-steph-1-2 toll free from everywhere. steven weber. he will be there nobody panic he will be right there. charlie pierce said some good stuff about the fiscal cliff and other things. this is going to be a fascinating discussion. the president playing three dimensional chess. told you so. >> never mind. >> never mind. >> corn? when did we book corn? [ laughter ] >> oh, you kids. i swear. all right, you know what? i think there's a little estrogen in the clubhouse. ♪ ♪ >> hi, jackie schechner. >> good morning. my at
CNN
Nov 27, 2012 9:00am PST
give it a try. hopefully we don't have to say it. fiscal cliff, okay, dollar for you, there you go. thank you, richard. in days he's officially going to become the new president of mexico but first a sit-down with president obama. challenges that are facing two neighbors from immigration to the drug trade. [ male announcer ] are you considering a new medicare plan? then you may be looking for help in choosing the right plan for your needs. so don't wait. call now. whatever your health coverage needs, unitedhealthcare can help you find the right plan. open enrollment to choose your medicare coverage begins october 15th and ends december 7th. so now is the best time to review your options and enroll in a plan. medicare has two main parts, parts a and b, to help cover a lot of your expenses, like hospital care... and doctor visits. but they still won't cover all of your costs. now's the time to learn about unitedhealthcare plans that may be right for you. are you looking for something nice and easy? like a single plan that combines medicare parts a & b with prescription drug coverage? a medicare advantage plan can give you doctor, hospital and prescription drug coverage all in one plan... for noth
CSPAN
Nov 27, 2012 5:00pm EST
entitlement programs. >> at afternoon, everyone. as we head into the fiscal cliff negotiations, my advice to the president with eocene friends on the other side have difficulty turning off the campaign. we need to sit down and work this matter out. i think we have a clear sense there is an opportunity at the end of the year to do something important for the country. we all know that the most critical steps to be taken are to save the entitlements, which are on an unsustainable path to bankruptcy. there's no better time to begin to fix that problem right now. so i would hope our friends on the other side can turn off the campaign and get into a cooperative mode here. which leads me to make further up reservation that the majority leader to create an extraordinary controversy right here when we are to be in bipartisan cooperation by threatening to employ the nuclear option, which is of course to break the rules in order to change the rules of the senate. i hope cooler heads will prevail as they move through the process. the election was november the sixth. we won't have another one for two years and it's time to start pulling outward together as the american people expect us to do you matter how they voted la
FOX News
Nov 27, 2012 8:00am PST
serving the state of these fiscal cliff negotiations involving the white house and senate dem crates on one hand, house republicans on the other and concluding these talks have effectively broken down. president obama, fresh from his re-election victory and convinced he wields a mandate on this issue, is forsaking further negotiating sessions this week and is instead holding a variety of campaign-style events, meeting tomorrow with the ceos of larger firms as well as middle class taxpayers and then heading out on friday to the philadelphia area for a large rally. >> do you expect the president will sit down with leadership this week to discuss this and that he will take a leadership role in this fight? >> well, the president is taking a leadership role in this fight. the president already had the congressional leaders to the white house a little while back. we've already done, as you know, a trillion dollars in cuts as part of the budget control act. the president has additional cuts in the proposal he's presenting. he's got more health care cuts than simpson-bowles proposed. >> reporter: yet for all the chumminess of last week's session when there was talk of a blueprint being on the preside
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